Bank of Maharashtra Share Price Target 2026, 2027, 2030, 2040, 2050
Bank of Maharashtra is a government bank in India. It was started in 1935 and became a government-owned bank in 1969. Today, the Government of India is the main owner of this bank. The bank has many branches across India and serves a large number of customers. It provides many simple banking services like savings and current accounts, home loans, personal loans, agriculture loans, business loans, and NRI banking. It also gives easy digital services like internet banking, POS machines, and demat services. This bank is well known for its strong presence in Maharashtra and for its steady growth in banking and profits.
What is Bank of Maharashtra Ltd NSE: MAHABANK?
Bank of Maharashtra was established in 1935 in Pune, Maharashtra, India. It is mostly owned by the Government of India. This bank is one of the well-known public sector banks in the country. It offers many banking services like savings accounts, current accounts, fixed deposits, loans like home, personal, education, gold, vehicle, business loans, and digital banking services. The bank helps many types of customers, such as common people, farmers, small businesses, and big companies across India through its many branches and ATMs.
The head office of Bank of Maharashtra is in Pune, Maharashtra, which is also the city where the bank started. From this main office, all important decisions, rules, and planning are made. It works like the main control centre for all branches in India. It helps in smooth banking work, proper money management, and introducing new services. Pune is a well-known city for education and finance, so it is a good place for the head office. All big plans and digital changes of the bank are handled from here. In 2026, its share price target would be ₹138, as per stock market analysts.
According to stock market analysts, its share price would be between ₹58 to ₹138 in 2026.
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2026 | 58 | 138 |
| महीना | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| जनवरी | 60 | 67 |
| फ़रवरी | 58 | 77 |
| मार्च | 61 | 74 |
| अप्रैल | 61 | 82 |
| मई | 66 | 97 |
| जून | 67 | 100 |
| जुलाई | 69 | 113 |
| अगस्त | 64 | 120 |
| सितंबर | 68 | 127 |
| अक्टूबर | 79 | 133 |
| नवंबर | 85 | 136 |
| दिसम्बर | 110 | 138 |
It has a very large branch network across India. It has branches in cities, towns, and even villages so that people can easily use banking services. This wide network helps the bank reach people from all income groups and backgrounds. Even people in far and remote areas can access banking without much travel. The bank is always trying to open more branches and improve its services. This wide reach helps in financial inclusion and supports India’s economic growth. In 2027, its share price target would be ₹218, as per stock market analysts.
According to stock market analysts, its share price would be between ₹120 to ₹218 in 2027.
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2027 | 120 | 218 |
| महीना | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| जनवरी | 120 | 158 |
| फ़रवरी | 132 | 163 |
| मार्च | 134 | 167 |
| अप्रैल | 139 | 172 |
| मई | 144 | 177 |
| जून | 140 | 182 |
| जुलाई | 144 | 186 |
| अगस्त | 150 | 190 |
| सितंबर | 151 | 197 |
| अक्टूबर | 153 | 211 |
| नवंबर | 160 | 215 |
| दिसम्बर | 172 | 218 |
The bank offers many deposit services that help people save money safely and earn interest. These include savings accounts, current accounts, fixed deposits, and recurring deposits. Savings accounts are used for daily money needs, while fixed deposits are for long-term savings with better interest rates. Recurring deposits help people save small amounts every month. These services are useful for students, workers, business people, and senior citizens. In 2028, its share price target would be ₹275, as per stock market analysts.
According to stock market analysts, its share price would be between ₹200 to ₹275 in 2028.
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2028 | 200 | 275 |
It provides many types of loans for personal, business, and other needs. These include home loans, personal loans, education loans, vehicle loans, business loans, and agriculture loans. Home loans help people buy houses, while personal loans help in emergencies. Education loans support students studying in India or abroad. Business loans help companies grow and expand. In 2029, its share price target would be ₹327, as per stock market analysts.
According to stock market analysts, its share price would be between ₹260 to ₹327 in 2029.
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2029 | 260 | 327 |
The bank helps farmers by giving different types of loans, like crop loans, equipment loans, and irrigation loans. These loans help farmers buy seeds, fertilisers, tools, and modern machines. This support helps improve farming and increases farmers’ income. The bank also supports rural areas by giving easy access to credit. In 2030, its share price target would be ₹490, as per stock market analysts.
According to stock market analysts, its share price would be between ₹312 to ₹490 in 2030.
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2030 | 312 | 409 |
| महीना | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| जनवरी | 312 | 350 |
| फ़रवरी | 320 | 362 |
| मार्च | 318 | 375 |
| अप्रैल | 325 | 386 |
| मई | 330 | 390 |
| जून | 335 | 400 |
| जुलाई | 341 | 408 |
| अगस्त | 358 | 421 |
| सितंबर | 360 | 430 |
| अक्टूबर | 355 | 445 |
| नवंबर | 369 | 474 |
| दिसम्बर | 389 | 490 |
It also supports small and medium businesses (MSMEs), which are very important for India’s economy. The bank gives working capital loans, business loans, and expansion finance to help small businesses grow. MSME banking helps people start new businesses, expand existing ones, and create jobs. The bank keeps the loan process simple and repayment flexible. This support helps in economic growth, job creation, and the development of small industries across the country. In 2040, its share price target would be ₹1167, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1061 to ₹1167 in 2040.
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2040 | 1061 | 1167 |
| महीना | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| जनवरी | 1061 | 1100 |
| फ़रवरी | 1066 | 1112 |
| मार्च | 1070 | 1120 |
| अप्रैल | 1073 | 1133 |
| मई | 1078 | 1154 |
| जून | 1082 | 1167 |
| जुलाई | 1088 | 1175 |
| अगस्त | 1093 | 1186 |
| सितंबर | 1100 | 1200 |
| अक्टूबर | 1121 | 1210 |
| नवंबर | 1141 | 1223 |
| दिसम्बर | 1156 | 1242 |
The bank has strong digital banking services to make banking easy for customers. It offers internet banking and mobile banking, where people can check their balance, transfer money, pay bills, and manage their accounts online. These services reduce the need to visit bank branches and save time. The bank keeps improving its digital systems to make them safe and easy to use. In 2050, its share price target would be ₹2332, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2092 to ₹2332 in 2050.
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2050 | 2092 | 2332 |
| महीना | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| जनवरी | 2092 | 2170 |
| फ़रवरी | 2100 | 2187 |
| मार्च | 2110 | 2200 |
| अप्रैल | 2220 | 2211 |
| मई | 2228 | 2225 |
| जून | 2232 | 2241 |
| जुलाई | 2241 | 2250 |
| अगस्त | 2244 | 2262 |
| सितंबर | 2250 | 2270 |
| अक्टूबर | 2255 | 2286 |
| नवंबर | 2258 | 2300 |
| दिसम्बर | 2263 | 2332 |
Should I buy Bank of Maharashtra stock?
| वर्ष | न्यूनतम मूल्य (Rs) | अधिकतम मूल्य (Rs) |
| 2026 | 58 | 138 |
| 2027 | 120 | 218 |
| 2028 | 200 | 275 |
| 2029 | 260 | 327 |
| 2030 | 312 | 409 |
| 2040 | 1061 | 1167 |
| 2050 | 2092 | 2332 |
It could be a good stock for long-term investment because it is a government bank with improving profits, growing loans and deposits, and strong overall performance. It also benefits from the increasing need for banking and digital services in India. Still, investors should be careful because banking stocks depend on the economy, interest rates, and market conditions. The price can fluctuate in the short term, so it is better to invest gradually at different prices and focus on long-term holding rather than quick profits.
Bank of Maharashtra earnings results
| मार्च 2020 | मार्च 2021 | मार्च 2022 | मार्च 2023 | मार्च 2024 | मार्च 2025 | Mar 2026 | |
| Revenue + | 11,496 | 11,869 | 13,019 | 15,899 | 20,495 | 24,948 | 29,282 |
| ब्याज | 7,216 | 6,970 | 6,974 | 8,157 | 10,672 | 13,281 | 15,616 |
| व्यय + | 5,330 | 6,788 | 7,278 | 6,314 | 8,542 | 9,311 | 9,348 |
| Financing Profit | -1,050 | -1,889 | -1,233 | 1,428 | 1,281 | 2,356 | 4,317 |
| Financing Margin % | -9% | -16% | -9% | 9% | 6% | 9% | 15% |
| अन्य आय + | 1,660 | 2,649 | 2,655 | 2,283 | 3,015 | 3,476 | 3,542 |
| व्याख्या | 211 | 188 | 268 | 262 | 223 | 291 | 0 |
| कर से पहले लाभ | 399 | 571 | 1,153 | 3,448 | 4,072 | 5,542 | 7,859 |
| कर | 0% | 0% | 0% | 24% | 0% | 0% | 11% |
| नेट प्रॉफिट + | 399 | 571 | 1,153 | 2,605 | 4,072 | 5,542 | 7,017 |
| रुपये में ईपीएस | 0.68 | 0.87 | 1.71 | 3.87 | 5.75 | 7.21 | 9.12 |
| लाभांश भुगतान % | 0% | 0% | 29% | 34% | 24% | 21% | 24% |
कुंजी मीट्रिक
| TTM PE Ratio | PB अनुपात | लाभांश प्राप्ति | सेक्टर PE | सेक्टर PB | सेक्टर Div Yld |
| 8.60 | 2.10 | 2.80% | 16.09 | 2.32 | 1.05% |
Peers & तुलना
| स्टॉक | पीई अनुपात | PB अनुपात | लाभांश प्राप्ति |
| Bank of Maharashtra Ltd | 8.60 | 2.10 | 2.80% |
| State Bank of India | 11.06 | 1.79 | 1.71% |
| Bank of Baroda Ltd | 7.19 | 0.94 | 3.18% |
| Union Bank of India Ltd | 6.70 | 1.11 | 3.03% |
Is Bank of Maharashtra stock good to buy? (bull case & bear case)
बुल केस:
- It has shown strong growth in recent years, with total income around ₹30,000–₹35,000 crore, which shows a big and stable banking business.
- Its net profit is around ₹4,000–₹5,000 crore, which means the bank is making good and steady profit.
- The interest income is also growing and is around ₹12,000–₹14,000 crore, which shows a strong lending business.
- The bank has improved its bad loans, with GNPA in the 2–3% range, which shows better control of risky loans.
- It is mostly owned by the Government of India (around 90%), which makes it safe and trusted.
- The bank is growing its retail and MSME loans, which helps it earn a steady income in the long term.
- Digital banking use is increasing, which makes banking faster and reduces costs.
भालू का मामला:
- Its performance depends on the economy and interest rates, which can go up or down.
- The stock has already gone up recently, so short-term growth may be limited.
- There is strong competition from other banks, which can affect profits.
- Profit does not grow at the same speed every year because banking results change with time.
निष्कर्ष
It is a strong government bank in India with a long history, a wide branch network, and growing services in retail banking, MSME, agriculture, and digital banking. The bank has shown steady improvement in income, profit, and loan quality, which shows stable and better performance over time. Because of its strong fundamentals, lower valuation compared to many other banks, and improving business results, it can be a good choice for long-term investment.
